Raymond wants to save the college tuition fees his child will need in ten years by starting with a deposit of $6500 today and depositing another $500 at the end of each year.How much will Raymond have in ten years if he gets a rate of return of four percent?
A)$15 625
B)$11 960
C)$15 865
D)$17 023

Question

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The Answer of Raymond wants to save the college tuition fees his child will need in ten years by starting with a deposit of $6500 today and depositing another $500 at the end of each year.How much will Raymond have in ten years if he gets a rate of return of four percent?
A)$15 625
B)$11 960
C)$15 865
D)$17 023

Raymond Wants to Save the College Tuition Fees His Child